Section 68 Addition deleted as Creditor has sufficient Funds in Bank Accounts : HC
Section 68 Addition if Creditor has sufficient Funds in Bank Accounts The assessee had discharged its onus of proving identity of the creditors, genuineness of the transactions and credit-worthiness of the creditors which finding of fact stood affirmed by the Tribunal. HIGH COURT OF BOMBAY Principal Commissioner of Income-tax-1 v. Ami Industries (India) (P.) Ltd.… Read More »